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on the other side, energy not so well. chevron, for one, among the dow components down more than 4% today. what did do well today? how about treasuries? that ten-year note auction did very well today. people are still willing to buy treasuries even though the yield is down to 1.68%, a solid ten-year note auction following on the heels of a record three-year note auction yesterday. sectors today, financials eking out a gain. banks did well today. you saw them almost break even there. matthew, why are we selling off for three days in a row here? what's going on? >> we needed an excuse to sell off. we've been so negative for so long. alcoa gave us the excuse this morning. oil, above 90 is giving people pause. there are a myriad of reasons why we're selling off. it's just a matter of time and if we bounce off these lows. i don't see it coming. i think we're going lower. >> rich, financials are known for their dividends as well. do you like financials here? >> well, we like domestic financials. i think if there's one thing in y
on the other side, energy not so well. chevron, for one, among the dow components down more than 4% today. what did do well today? how about treasuries? that ten-year note auction did very well today. people are still willing to buy treasuries even though the yield is down to 1.68%, a solid ten-year note auction following on the heels of a record three-year note auction yesterday. sectors today, financials eking out a gain. banks did well today. you saw them almost break even there. matthew,...
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Oct 9, 2012
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what about energy? that has been a market leader as well. >> on the chart it was down, you know, 4% in the five-year period, which is interesting. i wouldn't have said that's the case. i think people are taking their numbers down in the energy space maybe a quarter or two. after that, i think it would be another driver on the upside. >> okay. thank you both. alcoa numbers coming out shortly could
what about energy? that has been a market leader as well. >> on the chart it was down, you know, 4% in the five-year period, which is interesting. i wouldn't have said that's the case. i think people are taking their numbers down in the energy space maybe a quarter or two. after that, i think it would be another driver on the upside. >> okay. thank you both. alcoa numbers coming out shortly could
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Oct 3, 2012
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bottom five today shows how weak energy was. down a percent as a group today. materials also lower. i want to show you this chart. this is from spoke investment group. since the market peaked in mid-september, they took a look at market trading in the s&p on an hour-by-hour basis. this is a typical trading chart since mid-september on a daily basis. we've had a little stutter step in the morning. then you get a small rally, sideways action, then the real selloff comes in the hour. their conclusion is that the so-called smart money, the hedge funds, private equity and so forth is where this is coming in and selling at end whereas the so-called, pardon the expression, dumb money has been coming in in the morning. warren myers, do you buy that notion? do you see that trade flow here at the new york stock exchange. >> we do see that to a bit. i would equate that to what's happening in europe. the global impact is so great that we watch the opening here. europe is still active. we follow them. if they happen to be up, we follow them. once europe closes, the only thing we have to be conce
bottom five today shows how weak energy was. down a percent as a group today. materials also lower. i want to show you this chart. this is from spoke investment group. since the market peaked in mid-september, they took a look at market trading in the s&p on an hour-by-hour basis. this is a typical trading chart since mid-september on a daily basis. we've had a little stutter step in the morning. then you get a small rally, sideways action, then the real selloff comes in the hour. their...
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Oct 10, 2012
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putting us in control of our energy future, now. attention, owner of the light blue smart with the blackish-blue frame and the white dots and the splattered paint pattern, your lights are on. what? [ male announcer ] the endlessly customizable 2013 smart. >>> in today'sy hoo finance poll, we asked whether refinancings are a bigger part of the mortgage market than ever before. where do you stand in 30% say they are refinancing. 37% say they are paying off the mortgage. 11% say it's spending on home improvements. and 22% say i'm going on vacation. sue? >>> now let's see what's coming up on street signs. excuse me. >> not at all, tyler. imagine this, folks -- getting an outrageous e-mail from your boss saying if obama wins you're oitd out of a job. one ceo did that. >>> as you've just been talking about -- low mortgage rates have got everybody refinancing if they can. but is the re-fi boom hurting housing and hurting the fragile economic recovery. >>> and we've got a big-time wake-up call for slacker nation. we'll debate the economic c
putting us in control of our energy future, now. attention, owner of the light blue smart with the blackish-blue frame and the white dots and the splattered paint pattern, your lights are on. what? [ male announcer ] the endlessly customizable 2013 smart. >>> in today'sy hoo finance poll, we asked whether refinancings are a bigger part of the mortgage market than ever before. where do you stand in 30% say they are refinancing. 37% say they are paying off the mortgage. 11% say it's...
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Oct 4, 2012
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one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> there's ban lot of action in the oil market and the metals markets today. the gold market is closing right now. sharon epperson rejoins us. she's tracking the action in all of those markets. she's down at the nymex. >> it is perfect timing because we are closing in on $1,800 an ounce here for gold at the highs of the session here in floor trading as we are about to come to a close. looking at a $17 gain. a lot of it has do with the comments coming from the ecb president mario draghi today coming from the bank of england, remaining with low interest rates for an extended period of time. also, the fact that we are looking at this
one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> there's ban lot of action in the oil market and the...
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Oct 2, 2012
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putting us in control of our energy future, now. attention, owner of the light blue smart with the blackish-blue frame and the white dots and the splattered paint pattern, your lights are on. what? [ male announcer ] the endlessly customizable 2013 smart. >>> i'm bill griffeth. on closing bell, three huge interviews, former ceo carol bartz joining us, find out if her successor, melissa mayer, can turn around the >> can and new tar kentz vowing to double the revenue the next decade for coca-cola. he will lay out the strategy for the goal and don't want to miss the rare and exclusive interview with the oracle himself, ceo larry emson. find out how he is planning to dominate the cloud and yes, sir going on that personal property buying spree. owns an island, owns now most of malibu. all that and more. maria still in san francisco, i'm still in new york. more at the top of the hour. >>> the comeback in cars, auto sales continuing to be a sign of hope in the u.s. economy phil la superbowl behind the wheel for us. i want to ask you, look
putting us in control of our energy future, now. attention, owner of the light blue smart with the blackish-blue frame and the white dots and the splattered paint pattern, your lights are on. what? [ male announcer ] the endlessly customizable 2013 smart. >>> i'm bill griffeth. on closing bell, three huge interviews, former ceo carol bartz joining us, find out if her successor, melissa mayer, can turn around the >> can and new tar kentz vowing to double the revenue the next...
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Oct 9, 2012
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this debit card being offered through clean energy. they have got about 160 stations around the country but the most of those, simon, are out in california, where people will take advantage of that. >> so they hope, phil. thank you very much for that update. >>> breakthroughs in cloud technology are not limited to google, amazon and microsoft. box is making its play to be the leader in the enterprise storage and data management space. it says it's added 80% of the fortune 500 as clients since it launched seven years ago. jon fortt joins us live with more on what is clearly an innovative company, jon. over to you. >> thank you, simon. here with aaron levy, ceo of box. you did announcements out there. we have seen oracle sales force, others, coming out talking about owning the cloud. you have got your own vision, raised $287 million to do it. what did you announce today? >> so, we announced a brand new technology that allows you to take box, thus take your content and information you have in your business and extend it to a whole bunch o
this debit card being offered through clean energy. they have got about 160 stations around the country but the most of those, simon, are out in california, where people will take advantage of that. >> so they hope, phil. thank you very much for that update. >>> breakthroughs in cloud technology are not limited to google, amazon and microsoft. box is making its play to be the leader in the enterprise storage and data management space. it says it's added 80% of the fortune 500 as...
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Oct 2, 2012
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she's got a lot of energy, a lot of experience. you know, during my tenure, we had talked about personalization, of course mobile, you know, getting more engage ed users. i think she's right on the mark. she's a great gal. >> and the company recently sold its stake in ally baba, returned the cash to shareholders. was that a good move? under your tenure, the relationship was a bit strained, right? >> well, that was a little bit overblown, but we were actually working a long time to figure out the valuation and how to do this, at one time we had hoped, tax free. i'm very proud of the team, including my ex-cfo. they really put together a good plan with alibaba. which ever way they do it, probably share buy back, i actually have no idea, that's good for the shareholders. >> you know, it seems to me that it's a real crux or sort of a dilemma that you face when you're in technology and sort of a proponent of, you know, information flow across the world and dealing with a government that withholds information. how do you balance that? of
she's got a lot of energy, a lot of experience. you know, during my tenure, we had talked about personalization, of course mobile, you know, getting more engage ed users. i think she's right on the mark. she's a great gal. >> and the company recently sold its stake in ally baba, returned the cash to shareholders. was that a good move? under your tenure, the relationship was a bit strained, right? >> well, that was a little bit overblown, but we were actually working a long time to...
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Oct 4, 2012
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that cheap energy? we can bring back a lot of manufacturing and industry. >> and keep the price of heating your home up. >> yeah. and for the people, the people who are going to cast their votes each november, they don't want high energy prices. >> we've got to leave it there. thanks so much. this is it from me. i'll see you tomorrow. >> thank you very much. >>> up ahead, we're a particularly bullish america. that's from arme sorenson. we have an exclusive interview in the next hour of "squawk on the street". facebook has reached 1 million active owners. "today's" host matt lauer had a chance to interview mark zuckerberg. here's a look at the interview. >> they say this is not only the visionary and the technical guy, this is the ceo. i was reading the article. they said this is like the guy who's learning as he goes. it's like you're learning how to fly and they're in the cockpit. how do you feel about that? >> i take the responsibility extremely seriously. and our responsibility as a company is just t
that cheap energy? we can bring back a lot of manufacturing and industry. >> and keep the price of heating your home up. >> yeah. and for the people, the people who are going to cast their votes each november, they don't want high energy prices. >> we've got to leave it there. thanks so much. this is it from me. i'll see you tomorrow. >> thank you very much. >>> up ahead, we're a particularly bullish america. that's from arme sorenson. we have an exclusive...
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Oct 5, 2012
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i know you favor all sort of energy, solar, fantastic. what do you say about the 4 million? >> actually, a say that we need to create more jobs across the board and particularly, highly skilled people to work in the refinery and production areas where we're finding more energy and we have to have a balance, so i'm totally for that. i encourage more a perennisship programs and training in that area. we have a high need for welders and people working in refineries and i'm all for paying for those jobs and looking at other alternative forms of energy and we have to have a balance of both. >> the unemployment rate falling below 8% for the first time since january 2009 and i'm sure the labor department was hearing about that this morning. at the same time, can you tell the american people that this 7.8 number marks the turnaround that we have seen the worse when it comes to the labor market. i would say we still have a ways to go and we have it well below 12 million and we have to continue on the path that the president has taken us down and this is in spite of the resistance of
i know you favor all sort of energy, solar, fantastic. what do you say about the 4 million? >> actually, a say that we need to create more jobs across the board and particularly, highly skilled people to work in the refinery and production areas where we're finding more energy and we have to have a balance, so i'm totally for that. i encourage more a perennisship programs and training in that area. we have a high need for welders and people working in refineries and i'm all for paying for...
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Oct 3, 2012
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prices and energy really is the story in the commodities market today. look at the $3 slide in crude oil and a lot has to do with the demand outlook. traders are focused on what is coming out of asia. news about china's pmi services data was weak then expected, but really it's what the asian development bank had to say about emerging asian nations and the gdp growth forecast that they have for them. they rationed down their expectations for 2012 and 2013. this is supposed to be the engine of growth, the engine of demand for crude oil and for other industrial commodities. if it's not there, what's going to happen, we'll see perhaps an even further slide here in oil prices. we also got data from the u.s. energy department and that also was a bit of a surprise in terms of the supply side. but in terms of demand, continuing to see anemic demand in terms of gasoline demand, down 2.5% versus a year ago. and this is already as we're getting the slide to the winter grade of gasoline. so since that rollover, we have seen a steady slide in gasoline futures. the on
prices and energy really is the story in the commodities market today. look at the $3 slide in crude oil and a lot has to do with the demand outlook. traders are focused on what is coming out of asia. news about china's pmi services data was weak then expected, but really it's what the asian development bank had to say about emerging asian nations and the gdp growth forecast that they have for them. they rationed down their expectations for 2012 and 2013. this is supposed to be the engine of...
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we are seeing weak innocence energy. oil prices are higher but we have weakness in the energy shares down by 0.9%. probably pressured by the chevron warning that came out yesterday after the bell. >> let's get to the road map for the next hour. is the consumer back on top and here to stay? costco beating the street's estimates as fourth quarter earnings up 27% on some higher membership fees while yum! brands brushes off some of the china fears. >> walmart going straight for amazon's jugular in time for the holiday season. it will launch same-day delivery for goods purchased online so as the rivalry grows, who will come out on top? >> toyota recalling nearly 7.5 million vehicles around the world. u.s., japan, europe and else where, on the basis of a faulty power window switch, so as toyota's turn-around story, is it now in jeopardy? >>> first back to the consumer rebound and a big earnings within the space. costco trading higher after fourth quarter earnings beat estimates. brian nagel and michael yoshika any, founder and
we are seeing weak innocence energy. oil prices are higher but we have weakness in the energy shares down by 0.9%. probably pressured by the chevron warning that came out yesterday after the bell. >> let's get to the road map for the next hour. is the consumer back on top and here to stay? costco beating the street's estimates as fourth quarter earnings up 27% on some higher membership fees while yum! brands brushes off some of the china fears. >> walmart going straight for amazon's...
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. >> materials down 20%, energy down 16%. >> correct. again this quarter the sectors that rely on commodities prices are seeing the biggest hit. materials as you said down 20%. certainly be interesting this afternoon to see where alcoa falls. currently they are expected to be down 99% from the year ago quarter. of course, within materials we are seeing metals and mining looking to be down 40%. >> what does this mean for me sitting at home? if you know it, the analysts forecast it, that must be in the market and yet the s&p has rallied over the last few months. when i see a materials report results down 20%, will the stock not fall? >> you're right, there's a disparity wean the markets and what analysts are seeing. we are seeing earnings at a three-year low. this negative 1.2% is the lowest we have seen since third quarter 2009. i think investors have been focusing the last few weeks on the comments of the fed, the ecb, they have not really turned their droex earnings at this point. once we see companies missing estimates and revenue targ
. >> materials down 20%, energy down 16%. >> correct. again this quarter the sectors that rely on commodities prices are seeing the biggest hit. materials as you said down 20%. certainly be interesting this afternoon to see where alcoa falls. currently they are expected to be down 99% from the year ago quarter. of course, within materials we are seeing metals and mining looking to be down 40%. >> what does this mean for me sitting at home? if you know it, the analysts forecast...
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let's check out the latest news in energy. let's go to sharon with the latest. >> oil prices are unchanged on either side of positive and negative territory here for wti prices as traders digest the data on manufacturing. from china yesterday not so great. u.s. manufacturing data a little bit better. then we have to wait and see what the supply data will hold from the energy department when they report tomorrow and in the american patrols tonight. in terms of natural gas, we saw natural gas rise above the 3.50 level, but fdr capital mark says look for nat gas to get to $4.50 in to 13. they expect that to be the price to incentivize drilling and because of the supply and demand fundamentals. in terms of what we are seeing for the gold price, we are looking at a little bit of a pull-back and profit taking and consolidation after hitting a new high there for the year of 1794 in the previous session. central banks will be the key focus. back to you. >>> sharon epperson there. we are talking off camera about bill actman's appearanc
let's check out the latest news in energy. let's go to sharon with the latest. >> oil prices are unchanged on either side of positive and negative territory here for wti prices as traders digest the data on manufacturing. from china yesterday not so great. u.s. manufacturing data a little bit better. then we have to wait and see what the supply data will hold from the energy department when they report tomorrow and in the american patrols tonight. in terms of natural gas, we saw natural...